Welcome to our dedicated page for Eagle Matls news (Ticker: EXP), a resource for investors and traders seeking the latest updates and insights on Eagle Matls stock.
Eagle Materials manufactures heavy construction products and light building materials for U.S. construction markets. Its core product categories include Portland Cement, aggregates, concrete, gypsum wallboard and recycled paperboard, organized around Heavy Materials and Light Materials operations.
Recurring company news covers quarterly earnings releases, conference-call schedules, dividend declarations, capital allocation actions, plant modernization projects and exchange-listing updates for EXP common stock. Operating updates often discuss demand from public infrastructure, non-residential construction and residential building activity, along with volume and pricing trends across cement, aggregates, wallboard and paperboard.
Eagle Materials reported a record revenue of $476 million for the first quarter of fiscal 2022, marking an 11% increase compared to the prior year. However, net earnings per diluted share declined by 3% to $2.25, primarily due to a previous $52 million gain on asset sales. The company repurchased approximately 426,000 shares during the quarter. The Heavy Materials segment saw a 3% revenue increase to $315 million, while Light Materials revenue rose 25% to $191 million, benefiting from strong demand and pricing.
Eagle Materials Inc. (NYSE: EXP) will report its financial results for Q1 FY2022, ending June 30, 2021, on July 28, 2021, before NYSE opening. An investor conference call will follow at 8:30 AM ET. Participants can join by dialing (866) 370-6756 for US & Canada or (409) 350-3156 for international callers, using conference ID 6818288. The call will also be accessible on Eagle Materials' website, where an archived webcast will be available. Eagle Materials operates over 70 facilities across the US, focusing on manufacturing and distributing construction materials.
Eagle Materials reported record financial results for fiscal year 2021, with revenues reaching $1.6 billion, up 16%. Net earnings soared 379% to $339 million, while diluted EPS from continuing operations increased 46% to $7.99. The company benefited from a $52 million gain on asset sales. Fourth quarter revenues were $343 million, a 12% rise, though net earnings fell 9% to $66 million. The Board decided against separating the company, citing strength in its combined assets. A quarterly dividend of $0.25 per share was reinstated, marking a 150% increase.
Eagle Materials Inc. (NYSE: EXP) is set to unveil its financial results for the fourth quarter and fiscal year ending March 31, 2021, on May 19, 2021, before the NYSE opens. An investor conference call will occur the same day at 8:30 AM ET. Participants can join by calling (866) 370-6756 for US & Canada or (409) 350-3156 for International attendees, using conference ID 8877759. Eagle Materials specializes in manufacturing Portland Cement, Gypsum Wallboard, Recycled Gypsum Paperboard, and Concrete and Aggregates from over 70 facilities nationwide.
Eagle Materials reported record third quarter revenue of $404.7 million, marking an 18% increase year-over-year. Diluted earnings per share rose 87% to $1.94, benefiting from prior year asset impairment charges. Key highlights include a 9% rise in wallboard shipments and a remarkable 28% increase in cement shipments, bolstered by the Kosmos Cement acquisition. The Heavy Materials sector saw a 21% revenue boost, and operating cash flow improved significantly. Despite COVID-19 uncertainties, the company maintains strong financial health and plans a spin-off of its Heavy and Light Materials businesses.
Eagle Materials Inc. (NYSE: EXP) reported record revenue of $447.7 million for Q2 FY2021, up 12% year-over-year. Diluted EPS from continuing operations reached $2.16, an increase of 20%, bolstered by a $5.9 million non-recurring tax benefit. The Heavy Materials sector saw a 15% revenue increase to $324.4 million, while Cement sales volume hit a record 2.2 million tons, up 23%. The sale of the Oil and Gas Proppants business yielded a $9 million gain. The planned spin-off of Heavy and Light Materials remains on track despite COVID-19 uncertainties.
Eagle Materials Inc. (NYSE: EXP) is set to announce its financial results for the second quarter of fiscal 2021 on October 29, 2020, before NYSE market open. An investor conference call will follow at 8:30 AM ET. Participants can join via phone or listen through the company's website, where a webcast archive will also be available. Eagle Materials specializes in manufacturing and distributing Portland Cement, Gypsum Wallboard, and other construction materials from over 70 facilities across the U.S., headquartered in Dallas, Texas.